It really shocks me how many preppers fail to prep financially. In my mind having an emergency fund is just as important as stocking up on life’s other necessities. I think the reason a lot of people fail to start an emergency fund is because they feel overwhelmed.
It’s estimated that 90% of the country lives paycheck to paycheck. No wonder so many people struggle with finding any extra money to put aside.
Do you have an emergency fund? Here are a couple of ideas that might help you find some extra cash for your fund.
It’s estimated that 90% of the country lives paycheck to paycheck. No wonder so many people struggle with finding any extra money to put aside.
Do you have an emergency fund? Here are a couple of ideas that might help you find some extra cash for your fund.
- Have a garage sale – How much junk do you have laying around that could help you build your emergency fund? Why not have a garage sale and sell all that crap?
- Cheaper Plans – Check your cable, cell phone, and internet plans to see if there is a cheaper option. You could also cut out the cable all together for a cheaper option like Netflix or a free option like hulu.com
- Cancel your magazine & newspaper subscription. If you have internet access you probably don’t need them anyways..
- Stop eating out – Cooking at home saves a ton of money.
- Rice and beans baby! Is there anything that you could change on your grocery list? Eating healthy & filling foods like brown rice and beans can help you save a huge amount of money.
- Garage Sales and Thrift Stores. – If you really need something why not check the thrift stores or the garage sales first?
- Free Activities – Local Parks, camping, hiking, baseball, basketball, etc…. Remember the good old days when you could leave the house without breaking the bank? There are still a number of things that you and your family can do that don’t cost a dime.
- Barter – What skills do you have that you can use to barter for the products and services that you need?
- Sell some stuff on Craigslist
- Get a gig on Craigslist – You can often find odd jobs in the gigs section that can help increase your fund.
- No More Starbucks – Do you really need to spend 4 bucks a day on coffee?
- Although this goes against saving money it will help you in the long run…. I recommend buying The Total Money Makeover: A Proven Plan for Financial Fitness (you could also check it out from the library to save some money)
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